• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishGo to App
    Quantisnow Logo

    © 2026 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

    Amendment: SEC Form SC 13E3/A filed by Forian Inc.

    5/4/26 8:53:28 AM ET
    $FORA
    EDP Services
    Technology
    Get the next $FORA alert in real time by email
    SC 13E3/A 1 ny20069883x4_sc13e3a.htm SC 13E3/A
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549
    Amendment No. 1
    to
    SCHEDULE 13E-3
    RULE 13E-3 TRANSACTION STATEMENT UNDER SECTION 13(E)
    OF THE SECURITIES ACT OF 1934
    FORIAN INC.
    (Name of the Issuer)
    Forian Inc.
    2025 Acquisition Company, LLC
    Bravo Merger Sub, Inc.
    Max Wygod
    Adam Dublin
    (Name(s) of Person(s) Filing Statement)
    Common Stock, par value $0.001 per share
    (Title of Class of Securities)
    34630N106
    (CUSIP Number of Class of Securities)
    Max Wygod
    Chief Executive Officer
    Forian Inc.
    41 University Drive, Suite 400
    Newtown, PA
    18940
    Tell: (267) 225-6263
    (Name, Address, and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Persons Filing Statement)
    With copies to
     
     
     
     
    Darrick M. Mix
    Justin A. Santarosa
    Duane Morris LLP
    30 South 17th Street
    Philadelphia, PA 19103
    (215) 979-1227
     
     
    Creighton Condon
    Allen Overy Shearman Sterling US LLP
    599 Lexington Ave.,
    New York, NY 10022
    Tel: (212) 848-7628
     
     
     
     
    This statement is filed in connection with (check the appropriate box):
     
     
     
     
     
     
     
    a.
     
     
     ☐
     
     
    The filing of solicitation materials or an information statement subject to Regulation 14A, Regulation 14C or Rule 13e-3(c) under the Securities Exchange Act of 1934.
    b.
     
     
     ☐
     
     
    The filing of a registration statement under the Securities Act of 1933.
    c.
     
     
    ☒
     
     
    A tender offer.
    d.
     
     
     ☐
     
     
    None of the above.
     
     
     
     
     
     
     
    Check the following box if the soliciting materials or information statement referred to in checking box (a) are preliminary copies-  ☐
    Check the following box if the filing is a final amendment reporting the results of the transaction-  ☐
    Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of this transaction, passed upon the merits or fairness of this transaction, or passed upon the adequacy or accuracy of the disclosure in this transaction statement on Schedule 13E-3. Any representation to the contrary is a criminal offense.

    INTRODUCTION
    This Amendment No. 1 to the Transaction Statement on Schedule 13E-3 (this “Amendment No. 1”) is being filed with the U.S. Securities and Exchange Commission (the “SEC”) pursuant to Section 13(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), by the following person (each, a “Filing Person”): Forian Inc., a Maryland corporation (“Forian” or the “Company”) and the issuer of the common stock, par value $0.001 per share (each a “Share,” and collectively, “Shares”) that is the subject of the Rule 13e-3 transaction, Bravo Merger Sub, Inc., a Maryland corporation (“Merger Sub”) and a wholly owned subsidiary of 2025 Acquisition Company, LLC, a Delaware limited liability company (“Parent,” and together with Merger Sub, the “Buyer Parties”), Parent, Max Wygod, an individual, and Adam Dublin, an individual. This Amendment No. 1 amends and supplements the Transaction Statement on Schedule 13E-3, filed by Forian with the U.S. Securities and Exchange Commission (the “SEC”) on April 16, 2026 (together with any amendments and supplements thereto, the “Schedule 13E-3”).
    The Schedule 13E-3 relates to the tender offer by the Buyer Parties to acquire all of the outstanding Shares at a purchase price of $2.17 per Share (the “Offer Price”), to the seller in cash, without interest and subject to deduction for any required tax withholding, upon the terms and subject to the conditions set forth in the Offer to Purchase (as it may be amended, supplemented or otherwise modified from time to time, the “Offer to Purchase”) and in the related Letter of Transmittal (as it may be amended, supplemented or otherwise modified from time to time, the “Letter of Transmittal,” which, together with the Offer to Purchase, as they may be amended, supplemented or otherwise modified from time to time, collectively constitute the “Offer”). The Offer does not include an offer to purchase any Shares owned by the Buyer Parties as of the commencement of the Offer (each, an “Excluded Company Share”). The Offer is described in a Tender Offer Statement filed under cover of Schedule TO with the SEC on April 16, 2026, by, amongst others, Parent (as may be amended or supplemented from time to time, the “Schedule TO”).
    Except as otherwise set forth in this Amendment No. 1, the information set forth in the Schedule 13E-3 remains unchanged and is hereby expressly incorporated by reference to the extent relevant to the items in this Amendment No. 1.
    Amendments to the Schedule 13E-3.
    Items 1 through 16 of the Schedule 13E-3 are hereby amended and supplemented as follows:
    1.
    Item 3 of the Schedule 13E-3 is hereby amended and supplemented by adding the following text at the end of the disclosure:
    “Max Wygod is an individual whose business address is Forian Inc. 41 University Drive Suite 400 Newtown, PA 18940 and business number is (267) 225-6263. Max Wygod is an affiliate of Forian by virtue of his positions as Executive Chairman and a Class III director of Forian and as the Chief Executive Officer and President of Forian.
    Adam Dublin is an individual whose business address is Forian Inc. 41 University Drive Suite 400 Newtown, PA 18940 and business number is (267) 225-6263. Adam Dublin is an affiliate of Forian by virtue of his positions as a Class III director of Forian.”
    2.
    Item 13(a) of the Schedule 13E-3 is hereby amended and supplemented as follows (new language bolded and underlined; deleted language struck through):
    “(a) Financial statements. The audited consolidated financial statements set forth in Item 8 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31,  2024  2025  and the financial statements set forth in Item 1 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025   are incorporated herein by reference.
    The information set forth in the Offer to Purchase under the following caption is incorporated herein by reference:
    “The Tender Offer-7. Certain Information Concerning Forian.”
    1

    3.
    Item 16 of the Schedule 13E-3 is hereby amended and supplemented by adding the following exhibits:
    “(c)(1)
    Discussion Materials prepared by Houlihan Lokey to the Special Committee, dated October 28, 2025.
    (c)(2)
    Discussion Materials prepared by Houlihan Lokey to the Special Committee, dated December 18, 2025.
    (c)(3)
    Discussion Materials prepared by Houlihan Lokey to the Special Committee, dated January 20, 2026.
    (c)(4)
    Discussion Materials prepared by Houlihan Lokey to the Special Committee, dated January 28, 2026.
    (c)(5)
    Discussion Materials prepared by Houlihan Lokey to the Special Committee, dated February 11, 2026.
    (c)(6)
    Discussion Materials prepared by Houlihan Lokey to the Special Committee, dated March 11, 2026.
    (c)(7)
    Discussion Materials prepared by Houlihan Lokey to the Special Committee, dated April 2, 2026.”
    2

    Item 16.
    Exhibits
    The following exhibits are filed herewith:
     
     
     
     
    (a)(1)(A)
     
     
    Offer to Purchase, dated April 16, 2026 (incorporated by reference to Exhibit (a)(1)(A) to the Schedule TO filed by Parent with the SEC on April 16, 2026)*
    (a)(1)(B)
     
     
    Form of Letter of Transmittal (incorporated by reference to Exhibit (a)(1)(B) to the Schedule TO filed by Parent with the SEC on April 16, 2026)*
    (a)(1)(C)
     
     
    Form of Notice of Guaranteed Delivery (incorporated by reference to Exhibit (a)(1)(C) to the Schedule TO filed by Parent with the SEC on April 16, 2026)*
    (a)(1)(D)
     
     
    Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees (incorporated by reference to Exhibit (a)(1)(C) to the Schedule TO filed by Parent with the SEC on April 16, 2026)*
    (a)(1)(E)
     
     
    Form of Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees (incorporated by reference to Exhibit (a)(1)(D) to the Schedule TO filed by Parent with the SEC on April 16, 2026)*
    (a)(1)(F)
     
     
    Summary Advertisement as published on April 16, 2026, in the New York Times (incorporated by reference to Exhibit (a)(1)(F) to the Schedule TO) filed by Parent with the SEC on April 16, 2026)*
    (a)(2)(A)
     
     
    Solicitation/Recommendation Statement on Schedule 14D-9, dated April 16, 2026 (incorporated by reference to the Solicitation/Recommendation Statement on Schedule 14D-9 filed by the Company with the SEC on April 16, 2026)*
    (a)(5)(A)
     
     
    Press Release, dated April 3, 2026 (incorporated by reference to Exhibit 99.1 to the Issuer’s Current Report on Form 8-K filed, filed April 3, 2026).*
    (c)(1)
     
     
    Discussion Materials prepared by Houlihan Lokey to the Special Committee, dated October 28, 2025.
    (c)(2)
     
     
    Discussion Materials prepared by Houlihan Lokey to the Special Committee, dated December 18, 2025.
    (c)(3)
     
     
    Discussion Materials prepared by Houlihan Lokey to the Special Committee, dated January 20, 2026.
    (c)(4)
     
     
    Discussion Materials prepared by Houlihan Lokey to the Special Committee, dated January 28, 2026.
    (c)(5)
     
     
    Discussion Materials prepared by Houlihan Lokey to the Special Committee, dated February 11, 2026.
    (c)(6)
     
     
    Discussion Materials prepared by Houlihan Lokey to the Special Committee, dated March 11, 2026.
    (c)(7)
     
     
    Discussion Materials prepared by Houlihan Lokey to the Special Committee, dated April 2, 2026.
    (d)(1)
     
     
    Agreement and Plan of Merger, dated April 2, 2026, among the Buyer Parties and the Company (incorporated by reference to Exhibit 2.1 to the Form 8-K filed by the Company with the SEC on April 3, 2026).*
    (d)(2)
     
     
    Equity Commitment Letter, dated as of April 2, 2026, by and between Parent and Max Wygod & Emily W Bushnell Co-TTEE Wygod Family Rev LT U/T/A, (incorporated by reference to Exhibit 99.20 to the Schedule 13D/A filed by Parent with the SEC on April 6, 2026).*
    (d)(3)
     
     
    Confidentiality Agreement, dated as of September 29, 2025, by and between Parent and the Company (incorporated by reference to Exhibit 99.3 to the Schedule 13D/A filed by Parent with the SEC on October 3, 2025).*
    (g)
     
     
    Not applicable.
    107
     
     
    Filing Fee Table*
     
     
     
     
    *
    Previously Filed.
    3

    SIGNATURES
    After due inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
    Dated: May 4, 2026
     
     
     
     
     
     
     
    BRAVO MERGER SUB, INC.
     
     
     
     
     
     
     
     
     
     
    By:
     
     
    /s/Max Wygod
     
     
     
     
     
     
    Name: Max Wygod
     
     
     
     
     
     
    Title: Chief Executive Officer
     
     
     
     
     
     
     
     
     
     
    2025 ACQUISITION COMPANY, LLC
     
     
     
     
     
     
     
     
     
     
    By:
     
     
    /s/ Max Wygod
     
     
     
     
     
     
    Name: Max Wygod
     
     
     
     
     
     
    Title: Chief Executive Officer
     
     
     
     
     
     
     
     
     
     
    FORIAN INC.
     
     
     
     
     
     
     
     
     
     
    By:
     
     
    /s/ Max Wygod
     
     
     
     
     
     
    Name: Max Wygod
     
     
     
     
     
     
    Title: Chief Executive Officer
     
     
     
     
     
     
     
     
     
     
    MAX WYGOD
     
     
     
     
     
     
     
     
     
     
    /s/ Max Wygod
     
     
     
     
     
     
     
     
     
     
    ADAM DUBLIN
     
     
     
     
     
     
     
    /s/ Adam Dublin
     
     
     
     
    4
    Get the next $FORA alert in real time by email

    Crush Q1 2026 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $FORA

    DatePrice TargetRatingAnalyst
    12/20/2023$5.00Buy
    ROTH MKM
    4/8/2022$9.00Buy
    Lake Street
    3/11/2022$35.00 → $32.00Outperform
    RBC Capital
    11/11/2021$34.00 → $35.00Outperform
    RBC Capital
    7/9/2021$31.00Outperform
    RBC Capital
    More analyst ratings

    $FORA
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    Forian Partners With Databricks to Expand Access to Advanced Healthcare Analytics

    NEWTOWN, Pa., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Forian Inc. (NASDAQ:FORA), a leading provider of data science driven information and analytics solutions to the life science, healthcare and financial services industries, today announced a partnership with Databricks, the data and AI company, to deliver access to its Chartis™ product, which maps physician and organization affiliations, through Databricks Marketplace. This collaboration will empower healthcare organizations with enhanced visibility into Forian's robust information products, driving innovative solutions in healthcare research, drug development and patient care. Using Forian's proprietary scoring algorithm, Chartis™ is designe

    12/16/24 8:00:00 AM ET
    $FORA
    EDP Services
    Technology

    Forian Inc. Announces Third Quarter 2024 Financial Results

    NEWTOWN, Pa., Nov. 13, 2024 (GLOBE NEWSWIRE) -- NEWTOWN, Pa.  Forian Inc. (NASDAQ:FORA), a leading provider of data science driven information and analytics solutions to the life science, healthcare and financial services industries, today announced results for the quarter ended September 30, 2024. "While this quarter's revenue remained steady, our team's commitment to driving long-term value has resulted in progress in our strategic vision. The addition of Kyber Data Science enhances the momentum we are building to position us well to capitalize on emerging opportunities and deliver sustained success for our stakeholders," stated Max Wygod, Chairman and Chief Executive Officer of Foria

    11/13/24 4:00:00 PM ET
    $FORA
    EDP Services
    Technology

    Forian Inc. to Participate in the 13th Annual ROTH MKM Technology Event

    NEWTOWN, Pa., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Forian Inc. (NASDAQ:FORA) announces that Max Wygod, Chief Executive Officer and Executive Chairman, and Mike Vesey, Chief Financial Officer, will attend ROTH MKM's 13th annual Technology Event, which will be held on November 19th – 20th, 2024, at the Hard Rock Hotel in New York City. This year's event will consist of 1-on-1 / small group meetings with over 70 innovative growth companies spanning the technology landscape. The format will provide investors with the opportunity to hear from and meet executive management from public and pre-public companies across various Technology sub-sectors. Each meeting will consist of a 40-minute se

    11/8/24 3:59:25 PM ET
    $FORA
    EDP Services
    Technology

    $FORA
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Exec Chairman, CEO & President Wygod Max C bought $2,605 worth of shares (880 units at $2.96), increasing direct ownership by 0.07% to 1,328,927 units (SEC Form 4)

    4 - Forian Inc. (0001829280) (Issuer)

    2/18/25 7:56:28 PM ET
    $FORA
    EDP Services
    Technology

    Exec Chairman, CEO & President Wygod Max C bought $42,249 worth of shares (15,867 units at $2.66), increasing direct ownership by 1% to 1,328,047 units (SEC Form 4)

    4 - Forian Inc. (0001829280) (Issuer)

    2/13/25 9:30:24 PM ET
    $FORA
    EDP Services
    Technology

    Amendment: Exec Chairman, CEO & President Wygod Max C bought $13,854 worth of shares (5,600 units at $2.47), increasing direct ownership by 0.43% to 1,312,180 units (SEC Form 4)

    4/A - Forian Inc. (0001829280) (Issuer)

    2/13/25 8:58:34 PM ET
    $FORA
    EDP Services
    Technology

    $FORA
    SEC Filings

    View All

    SEC Form 15-12G filed by Forian Inc.

    15-12G - Forian Inc. (0001829280) (Filer)

    6/1/26 11:05:44 AM ET
    $FORA
    EDP Services
    Technology

    SEC Form 25-NSE filed by Forian Inc.

    25-NSE - Forian Inc. (0001829280) (Subject)

    5/15/26 11:05:44 AM ET
    $FORA
    EDP Services
    Technology

    SEC Form S-8 POS filed by Forian Inc.

    S-8 POS - Forian Inc. (0001829280) (Filer)

    5/15/26 11:03:11 AM ET
    $FORA
    EDP Services
    Technology

    $FORA
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    ROTH MKM initiated coverage on Forian with a new price target

    ROTH MKM initiated coverage of Forian with a rating of Buy and set a new price target of $5.00

    12/20/23 6:52:24 AM ET
    $FORA
    EDP Services
    Technology

    Lake Street initiated coverage on Forian with a new price target

    Lake Street initiated coverage of Forian with a rating of Buy and set a new price target of $9.00

    4/8/22 8:48:33 AM ET
    $FORA
    EDP Services
    Technology

    RBC Capital reiterated coverage on VerticalScope Holdings with a new price target

    RBC Capital reiterated coverage of VerticalScope Holdings with a rating of Outperform and set a new price target of $32.00 from $35.00 previously

    3/11/22 7:14:55 AM ET
    $FORA
    EDP Services
    Technology

    $FORA
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Director Banwell Ian closing all direct ownership in the company (SEC Form 4) to satisfy tax liability

    4 - Forian Inc. (0001829280) (Issuer)

    5/15/26 5:25:04 PM ET
    $FORA
    EDP Services
    Technology

    Director Kassam-Adams Shahir returned 176,184 shares to the company, closing all direct ownership in the company (SEC Form 4)

    4 - Forian Inc. (0001829280) (Issuer)

    5/15/26 5:25:08 PM ET
    $FORA
    EDP Services
    Technology

    Exec Chairman, CEO & President Wygod Max C returned 1,528,927 shares to the company, closing all direct ownership in the company (SEC Form 4)

    4 - Forian Inc. (0001829280) (Issuer)

    5/15/26 5:25:05 PM ET
    $FORA
    EDP Services
    Technology

    $FORA
    Financials

    Live finance-specific insights

    View All

    Forian Inc. Announces Third Quarter 2024 Financial Results

    NEWTOWN, Pa., Nov. 13, 2024 (GLOBE NEWSWIRE) -- NEWTOWN, Pa.  Forian Inc. (NASDAQ:FORA), a leading provider of data science driven information and analytics solutions to the life science, healthcare and financial services industries, today announced results for the quarter ended September 30, 2024. "While this quarter's revenue remained steady, our team's commitment to driving long-term value has resulted in progress in our strategic vision. The addition of Kyber Data Science enhances the momentum we are building to position us well to capitalize on emerging opportunities and deliver sustained success for our stakeholders," stated Max Wygod, Chairman and Chief Executive Officer of Foria

    11/13/24 4:00:00 PM ET
    $FORA
    EDP Services
    Technology

    Forian Inc. to Announce Third Quarter 2024 Results on November 13, 2024

    NEWTOWN, Pa., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Forian Inc. (NASDAQ:FORA), a provider of data science driven information and analytics solutions to the healthcare and life sciences industries, will announce its third quarter 2024 financial results on Wednesday, November 13, 2024, after the close of the market. The Company will host a conference call and webcast at 4:30 p.m. (ET) on November 13, 2024 to discuss the results. To register for the conference call, click here. The webcast will be available live at https://edge.media-server.com/mmc/p/rj92ayah. This information is also available on our website at www.forian.com/investors. The earnings release along with a replay of the call pr

    11/5/24 1:00:00 PM ET
    $FORA
    EDP Services
    Technology

    Forian Acquires Kyber Data Science to Enhance Data Analytics Capabilities

    NEWTOWN, PA, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Forian Inc. (NASDAQ:FORA), a provider of data science driven information and analytics solutions to the healthcare and life sciences industries, today announced it has acquired Kyber Data Science LLC ("Kyber"), a trusted provider of advanced healthcare data analytics and machine learning solutions to the financial services industry, from TD Cowen. This strategic acquisition strengthens Forian's position in the healthcare information marketplace through the addition of advanced analytics and software capabilities and expands the industries Forian serves to include financial services. Kyber has established a leading reputation for its inno

    11/1/24 9:00:00 AM ET
    $FORA
    EDP Services
    Technology

    $FORA
    Leadership Updates

    Live Leadership Updates

    View All

    Forian Inc. Announces $24 Million Private Placement of 3.5% Convertible Notes due 2025, Appoints New Chief Financial Officer

    NEWTOWN, Pa., Sept. 1, 2021 /PRNewswire/ -- Forian Inc. (NASDAQ:FORA), a provider of technology, analytics and data science driven solutions for the healthcare and cannabis industries, today announced the following: Convertible Notes Offering The Company has entered into a convertible note purchase agreement (the "Note Purchase Agreement") with a select group of institutional and accredited investors pursuant to which the Company will issue  $24,000,000 aggregate principal amount at 100% of par value of its 3.5% convertible notes due 2025 (the "Notes"). The Notes are convertib

    9/1/21 4:15:00 PM ET
    $FORA
    $WSTG
    EDP Services
    Technology
    Retail: Computer Software & Peripheral Equipment

    $FORA
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    SEC Form SC 13G/A filed by Forian Inc. (Amendment)

    SC 13G/A - Forian Inc. (0001829280) (Subject)

    2/13/24 4:15:14 PM ET
    $FORA
    EDP Services
    Technology

    SEC Form SC 13G/A filed by Forian Inc. (Amendment)

    SC 13G/A - Forian Inc. (0001829280) (Subject)

    2/9/23 5:29:07 PM ET
    $FORA
    EDP Services
    Technology

    SEC Form SC 13G filed by Forian Inc.

    SC 13G - Forian Inc. (0001829280) (Subject)

    4/14/22 4:05:19 PM ET
    $FORA
    EDP Services
    Technology